Mark Guindi Acquires Mixed-Use Building On Malcolm X Blvd For $2.1M
227 Malcolm X BLVD, Brooklyn, NY, 11...
$2,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 2, 2021
About this deal
AI
The property involved in the transaction is located at 227 Malcolm X Boulevard in the Bedford-Stuyvesant section of Brooklyn, New York. It is a mixed-use building constructed in 1910, consisting of four three-bedroom apartments and a ground floor retail space. The three-story building spans approximately 4,983 square feet and was sold for $2,100,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000.00
- Address: 227 Malcolm X BLVD, Brooklyn, NY, 11...
- Market: Brooklyn
Zachary Fuchs from GFI Realty Services represented the buyer, Mark Guindi, in the acquisition of the property. On the selling side, Mordy Getz was represented by Joseph Landau and Moshe Goldberger, who are also from GFI Realty Services. The transaction involving this mixed-use building underscores the active real estate market in Brooklyn.
On the Map
$2,100,000
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93